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Accounting Rule Requires $36 Million Set Aside, NYSE Executive Says.

By Ilene Aleshire, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News

May 5--FORT WORTH, Texas -- The top executive at the New York Stock Exchange said Tuesday that $36 million set aside in case the exchange loses a battle with former Chief Executive Dick Grasso is just an accounting requirement.

John Thain said the NYSE is still asking for $120 million back from Grasso, who resigned last September after disclosure of a $187.5 million pay package provoked widespread outrage among traders and investors.

Accounting rules requi

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